Copper price delayed the bullish attempts due to the negative stability below $6.4000 barrier besides providing negative momentum by stochastic exit from the overbought level, forcing it to provide corrective trading by target $6.1800 level.

The trading confinement between the mentioned barrier and the initial support at $6.1000 level is expected in the current trading, while breaking the support and holding below it will force it to provide more corrective attempts, which might target $5.9500 reaching $5.8000.

The expected trading range for today is between $6.1000 and $6.3500

Trend forecast: Fluctuating within the bullish trend

Ethereum (ETHUSD) continued its intraday decline, moving closer to the key psychological support level at $2,000, which had been identified as a target in our previous analyses. This comes amid sustained negative and dynamic pressure as the price continues trading below EMA50, reinforcing the dominance of the short-term bearish trend, with price moving along a supporting bearish trend line.

Negative signals from the relative strength indicators also persist, despite reaching deeply oversold conditions, reflecting continued weakness in buying momentum and the ongoing control of sellers over market direction.

Brent crude oil edged slightly higher during recent intraday trading to recover part of its previous losses, while also trying to ease oversold conditions on the relative strength indicators, which have started to show early positive signals. However, this move remains limited under persistent selling pressure.

The downside pressure continues to dominate as the price trades below EMA50, reinforcing the strength of the short-term bearish corrective trend and limiting any meaningful recovery in the near term.

USDCHF continued to rise during recent intraday trading amid the dominance of a short-term bullish corrective trend, with the pair moving alongside a supportive upward trend line. Positive dynamic pressure also remains in place as the pair continues trading above EMA50, increasing the chances of extending gains, especially with positive signals continuing to emerge from the relative strength indicators after the pair successfully eased some of its overbought conditions, giving it more room to advance further.